BlackRock's IBIT lost $528 million on Wednesday. It came within $500,000 of the largest single-day outflow on record.
Two weeks of losses just crossed $2 billion across all U.S. spot bitcoin funds. The question now is whether Wednesday's near-record pull signals a sustained exit or a one-off.
CryptoVibe Desk · bitcoin · etf · blackrock
- →BlackRock's IBIT recorded $527.8 million in net outflows on Wednesday, May 27, the second-largest single-day withdrawal in the fund's history.
- →Total U.S. spot bitcoin ETF outflows reached $733.4 million on Wednesday, and the category has lost more than $2 billion in two weeks.
- →Watch whether IBIT posts a third consecutive outflow day on Thursday, May 29, as bitcoin held below $73,000 in Asian hours this morning.
- net outflow → More money left the fund than entered on that day, meaning investors overall withdrew more than they deposited.
- dark-pool block sale → A large private trade between institutions done off a public exchange so the size of the deal does not move the market price.
BlackRock's IBIT pulled $527.8 million in net outflows on Wednesday, per Farside Investors data. That is the second-largest single-day exit since the fund launched. The record is $528.3 million, set on January 30. Wednesday came within $500,000 of it.
Total U.S. spot bitcoin ETF outflows on May 27 reached $733.4 million, per Farside. Fidelity's FBTC added $60.3 million in withdrawals. Grayscale's GBTC contributed $104.8 million. IBIT alone accounted for roughly 72% of the day's total.
U.S. spot bitcoin ETFs have lost more than $2 billion in two weeks, per CoinDesk. Bitcoin dropped below $73,000 in Asian hours Thursday morning. The tape matches the story.
On Tuesday, IBIT shares moved in a $1.29 billion dark-pool block sale. That is not a net outflow. Block trades quietly change who holds the shares, not how many exist. Wednesday's $527.8 million was an actual redemption.
If you hold IBIT: rebalancing, or the start of a longer exit? The flow data doesn't answer that. It just shows the exit.
The number to watch: whether IBIT posts another outflow day on Thursday, May 29.
The $1.29 billion block trade on Tuesday followed by $527.8 million in redemptions Wednesday is either coincidence or it isn't. BlackRock hasn't released counterparty data on the redemptions, and that silence is doing work.
A third consecutive outflow day for IBIT on Thursday, May 29. If flows don't reverse by end of week, the two-week loss of more than $2 billion becomes a confirmed trend, not noise.
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